“royalty” means any amount that is received or accrues in respect of-

 

(a)     the use or right of use of or permission to use any intellectual property as defined in section 23I; or

 

(b)     the imparting of or the undertaking to impart any scientific, technical, industrial or commercial knowledge or information, or the rendering of or the undertaking to render any assistance or service in connection with the application or utilisation of such knowledge or information.